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MDR REINTRODUCTION
Lenskart gets pre-IPO bump; Amazon’s q-comm entryAsset manager Fidelity has marked up Lenskart’s valuation to $6.1 billion as the eyewear retailer gears up an IPO. This and more in today’s...- Centre's no MDR stance derails fintech's UPI monetisation plansThe Finance Ministry’s denial of plans to reintroduce MDR on UPI payments has dampened fintech firms’ monetisation hopes, leading to a drop...
- Paytm shares fall 10%: What is MDR and why fintech players want government to introduce it?Paytm shares declined following the Finance Ministry's denial of Merchant Discount Rate (MDR) on UPI transactions. This sparked investor co...
- Paytm shares crash 10% as Finance Ministry dismisses MDR speculationPaytm share price plummeted by 10% following the Finance Ministry's denial of impending MDR charges on UPI payments, a fee banks charge mer...
- UPI transactions to face charges? Finance Ministry issues clarificationThe Finance Ministry on Wednesday dismissed reports suggesting MDR charges on large UPI transactions, calling them false and misleading. Re...
- UPI transactions rise 4.4% in May after April declineSince its launch in 2016, UPI has grown rapidly, driven by government efforts to push digital payments post-demonetisation, increased smart...
- Amazon infuses Rs 350 crore into India payments business amid growing competitionThe move comes as rival Flipkart’s fintech app, Super.money, is actively seeking fresh funding. On January 13, ET reported that Flipkart is...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- PCI’s MDR plea; India’s AI startups, acceleratedHappy Tuesday! The Payments Council of India has urged the PMO to reinstate the merchant discount rate (MDR) on UPI and RuPay debit card pa...
- Payments body seeks MDR return; Turkey opposition X-ed outThe Payments Council of India has sought the return of a merchant discount rate (MDR) for large merchants. This and more in today’s ETtech ...
- Payments body writes to PMO, seeks return of MDR on UPI for large merchants and RuPay debit cardsIn a letter written to the PMO earlier today, the Payments Council of India said that more than 90% of merchants are small, and hence will ...
- Digital payment sector wants MDR to be backThe Payments Council of India (PCI), the industry body for the digital payments ecosystem in the country, has written to the government urg...
- CBDT asks banks to refund any fees levied on UPI transactions in 2020Private banks such as ICICI Bank, Axis Bank, Kotak Mahindra Bank and HDFC Bank have recently started charging customers on UPI transactions...
- View: Abolishing MDR charges is not a great ideaTo do away with MDR altogether is to cut the purse-strings which fund both existing activities and the impetus for future innovation.
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